Ian Paid $475 for an Airline Ticket to Fly to Acapulco,Mexico

question 133

Multiple Choice

Ian paid $475 for an airline ticket to fly to Acapulco,Mexico for a spring break vacation.Unfortunately,he fell ill and could not go to Acapulco.When he called the airline to cancel the ticket,he was reminded that the ticket was non-refundable,but that he could exchange it for another ticket within one year if he pays a $75 fee at the time of the exchange.Several months later he is deciding whether to exchange the ticket for a ticket of the same price to Acapulco.The opportunity cost of going to Acapulco would equal

• A) the ticket price of $475 plus the $75 exchange fee,if he has no other trip that he will take within the year.
• B) the ticket price of $475 plus the $75 exchange fee,if he has another trip that he will take within the year.
• C) the $75 exchange fee,if he has no other trip that he will take within the year.
• D) the $75 exchange fee,if he has another trip that he will take within the year.
• E) $0,if he has no other trip that he will take within the year.

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Definitions:

Second World War

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Double V Campaign

A World War II-era movement by African Americans advocating for victory over fascism abroad and racial discrimination at home in the United States.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially based on race, age, sex, or disability.

Executive Order 8802

Executive Order 8802 was issued by President Franklin D. Roosevelt in 1941 to prohibit racial discrimination in the national defense industry.